Akzo Nobel NV (OTCMKTS:AKZOY) Sees Significant Drop in Short Interest

Akzo Nobel NV (OTCMKTS:AKZOY) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 11,284 shares, a drop of 59.9% from the April 30th total of 28,106 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 285,694 shares, the short-interest ratio is presently 0.0 days.

Akzo Nobel Trading Down 0.6%

Akzo Nobel stock opened at $25.35 on Friday. Akzo Nobel has a 52 week low of $18.04 and a 52 week high of $25.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.08 and a current ratio of 1.44. The stock has a market capitalization of $13.02 billion, a P/E ratio of 18.11, a PEG ratio of 2.23 and a beta of 1.07. The stock has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $21.49.

Akzo Nobel (OTCMKTS:AKZOY) last posted its quarterly earnings results on Wednesday, April 22nd. The basic materials company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Akzo Nobel had a return on equity of 13.96% and a net margin of 6.44%.The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Analysts expect that Akzo Nobel will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

AKZOY has been the subject of several analyst reports. Wall Street Zen cut Akzo Nobel from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft cut Akzo Nobel from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. The Goldman Sachs Group cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Zacks Research cut Akzo Nobel from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Barclays cut Akzo Nobel from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Akzo Nobel has an average rating of “Hold”.

About Akzo Nobel

Akzo Nobel N.V. is a Dutch multinational company specializing in paints, coatings and specialty chemicals. Established through the 1994 merger of Akzo and Nobel Industries, the company traces its roots back to chemical and saltpeter production in the Netherlands. Today, Akzo Nobel is recognized as one of the world’s leading coatings manufacturers, serving both decorative and industrial markets.

The company’s business is organized into three principal segments: Decorative Paints, Performance Coatings and Specialty Chemicals.